Closing bell: Sensex, Nifty close higher; Auto, IT, pharma stocks rally

Benchmark indices BSE Sensex and NSE’s Nifty 50 gained on Tuesday, led by gains in auto, information technology and pharma stocks amid trade war tensions between US and China. Most stock markets rebounded, with European shares and US futures rising following a mixed Asian session in which all eyes were on the yuan.Oil futures recovered from the previous day’s downtick, after Donald Trump claimed that Saudi Arabia could increase production agreed by Opec countries. Meanwhile, local investors purchased shares worth Rs366.94 crore on net basis, while foreign investors sold shares worth Rs1,205.12 crore on Monday, provisional data showed. BSE Sensex closed higher by 114.19 points, or 0.32%, to 35,378.60, while the Nifty 50 rose 42.60 points, or 0.40%, to close at 10,699.90.
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